Gratifii (ASX:GTI) has released its quarterly business update for 1Q FY25, showing impressive financial growth. The company reported a 32.7% increase in cash receipts from the previous quarter and achieved operational cash flow positivity with a surplus of $676k. Gratifii's cash position improved significantly, ending the quarter with $1.95 million.
Gratifii Limited (ASX:GTI) has shown a strong start to FY25 with a significant increase in cash receipts and achieving operational cash flow positivity. The company's strategic acquisitions, including Club Connect and Rapport Group, are set to expand its market presence. Gratifii has raised approximately $9.0 million through a placement and entitlement issue, enhancing its cash position for future growth. With a new CTO at the helm, the company aims to integrate its Mosaic loyalty platform with Club Connect, focusing on realizing synergies and boosting revenue. The outlook for 2Q FY25 is positive, with anticipated contributions from recent acquisitions and seasonal business activities.
Gratifii's strong financial performance in 1Q FY25 reflects the successful execution of our strategic initiatives. We are pleased with the positive cash flow and look forward to integrating our recent acquisitions to drive further growth.